23240 Pheasant LnWestlakeOH44145
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Westlake at 23240 Pheasant Ln, Westlake, OH, 44145 offers a 6.15% rental yield on a $634,900 purchase with $3,254/mo rent. 76% in year one. Equity gained on principal adds $4,097/yr while 5% annual appreciation supports $175,411 over five years. Portfolio math shows five-year ROI at 75.72% and total cumulative return in cash at $158,173. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,254/mo property income against a $3,108/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44145, Westlake, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,446 (100%) |
| Owner Occupied HU | 10,279 (66.5%) |
| Renter Occupied HU | 4,245 (27.5%) |
| Vacant Housing Units | 922 ( 6.0%) |
| Median Home Value | $359,821 |
| Average Home Value | $428,848 |
Housing Distribution
Address Breakdown
Residential
15,581
Single Family
11,117
Multi-Family
4,464
Businesses
1,922
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